National, News, Polls
Commercial Property Executive has a new reader poll! We want to learn about how rising insurance costs may be impacting your firm’s investments and developments. According to data from CBIZ, commercial property insurance rates increased by 20.4 percent in the first quarter, driven in part by increasingly frequent severe weather events, as well as decades-high interest rates.
In turn, we’re interested in hearing the extent to which these increases have affected your firm’s business, from outcomes such as possible tolls on your bottom lines, to strategy adjustments, to carrier switches.
In last month’s poll, we asked readers about their planned investment alternatives amid depressed transaction volumes and inaccessible capital costs. More than hall of respondents—54 percent—listed distressed assets as their chief alternative, many of which present lucrative opportunities for conversions and capital improvements. Tied for second place were preferred equity investments, which present more stable, consistent returns, as well as less risk in comparison to more established capital stacks.
Click here to see CPE’s latest poll, and the results of previous surveys.
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How are these rates affecting your business? Let us know!
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In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings.
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